Tower Research Capital LLC TRC Sells 4,859 Shares of Paysafe Limited (NYSE:PSFE)

Tower Research Capital LLC TRC reduced its holdings in shares of Paysafe Limited (NYSE:PSFE) by 72.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,849 shares of the company’s stock after selling 4,859 shares during the period. Tower Research Capital LLC TRC’s holdings in Paysafe were worth $32,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Paysafe by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,851,402 shares of the company’s stock valued at $31,659,000 after buying an additional 75,677 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Paysafe by 15.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,079 shares of the company’s stock worth $11,869,000 after purchasing an additional 91,592 shares during the last quarter. Private Management Group Inc. purchased a new position in Paysafe in the fourth quarter worth about $8,489,000. Foundry Partners LLC lifted its position in Paysafe by 39.8% in the fourth quarter. Foundry Partners LLC now owns 339,696 shares of the company’s stock worth $5,809,000 after buying an additional 96,708 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Paysafe by 10.4% during the 4th quarter. Renaissance Technologies LLC now owns 280,889 shares of the company’s stock valued at $4,803,000 after purchasing an additional 26,400 shares during the last quarter. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Susquehanna reduced their price target on shares of Paysafe from $17.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 22nd. UBS Group increased their price objective on Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a report on Wednesday, February 12th. Finally, Bank of America cut their price objective on shares of Paysafe from $18.00 to $16.00 and set an “underperform” rating on the stock in a report on Monday, March 10th.

Paysafe Price Performance

Shares of NYSE:PSFE opened at $12.48 on Friday. Paysafe Limited has a twelve month low of $12.38 and a twelve month high of $26.25. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. The company has a market cap of $747.40 million, a PE ratio of -32.84, a price-to-earnings-growth ratio of 0.48 and a beta of 1.90. The company’s 50 day moving average is $15.29 and its 200 day moving average is $17.74.

Paysafe (NYSE:PSFE) last issued its earnings results on Tuesday, May 13th. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.32). Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. The company had revenue of $401.00 million during the quarter, compared to analysts’ expectations of $404.45 million. On average, sell-side analysts forecast that Paysafe Limited will post 1.87 EPS for the current year.

About Paysafe

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.